Higher demand for small currency denominations after VAT, says SAMA
04/01/2018
Argaam

Saudi Arabian Monetary Authority (SAMA), the Kingdom’s central bank, said in a statement that higher demand for smaller currency denominations, especially five-halala and ten-halala coins, is normal due to the implementation of the new value-added tax (VAT) system.
Demand will remain high until the circulation of the coins increases, especially among individuals and small points of sale (POS), SAMA added.
Responding to news about a shortage of coins in circulation, the central bank said in a statement that all coin denominations are available for handling and circulation, including the sixth issue commemorating King Salman.
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